Manuel Perez Yllan
Joined November 2022
0 stories
Bio
Machine Learning. Data Science.
Blogging blockchain @ http://vanticatrading.com
Stories (1/0)
Can your NFTs disappear?
Users who purchased NFTs on the FTX crypto exchange have seen them disappear from the platform. The reason for the disappearance is that they hosted the metadata on a Web2 service, and when they stopped paying invoices, the owners of the NFTs no longer had access to them. Yet another demonstration of the misuse of the word "decentralization" is that the NFTs and metadata managed by FTX were never decentralized. Therefore, the bankruptcy of the exchange has taken them with it.
By Manuel Perez Yllanabout a year ago in Trader